satyam computers

Lawyers for three labour activists arrested in Noida for allegedly inciting violence during a protest stated they couldn't file bail applications due to a lack of arrest memos and remand applications. Police claim the activists are key conspirators, while defence argues procedural violations. The case involves multiple FIRs and numerous named individuals.

The ongoing TCS Nashik scandal reveals something disturbing; that the systems meant to protect don’t always do; and might betray instead as well. Two millennia ago, Valluvar had warned us about such a situation, in the context of kingdoms. Listen to this week’s episode to know more.

satyam computers Limited was given undue benefit of Rs 165.75 crore by the government while allotting 42.5 acres at a concessional rate of Rs 10 lakh per acre near Visakhapatnam.

The CBI, conducting investigations into the accounting scam of satyam computers, on Sunday said all the directors on the board of the beleaguered firm had acted as "rubber stamps" and "not even a single dissent note" was recorded during the board meetings.

The CBI, probing the multi-crore accounting scam in satyam computers, on Thursday informed a local court that there was enough evidence against the 10 accused in the case and the court can frame charges against them.

R Sudhakar Naidu, a judge of the economic offences court (EOC), on Tuesday reserved his orders for September 30 on a petition filed by the Serious Fraud Investigation Office (SFIO) that wanted the court to delete the name of satyam computers.

Satyam Computer Services, the software company at the center of India’s biggest accounting fraud probe, delayed the restatement of its accounts by a quarter, executive V-C Vineet Nayyar said.

Mahindra Satyam, the new owners of Satyam Computer Services Ltd, filed a petition in the A P High Court on Wednesday urging it to declare as illegal the two orders of income tax authorities that wanted the company to reassess its 2002-03 accounts and also to appoint a special auditor to examine its 2007-08 accounts.

From poster boy to prisoner; from a billionaire to a mere daily-wager! Jailed satyam computers founder Ramalinga Raju’s life turned upside down ever since he decided to pen that confession letter in January 2009.

Satyam Computer Services (now Tech Mahindra) is not required to withhold tax at source in India on $10-million penalty it is required to pay to the United States government, the Authority for Advance Rulings (AAR) said in a December 1 ruling, which is now publicly available.

Even as Ramalinga Raju has pressed for bail, it appears that the trial of the Satyam scamster will take another two months to come to a conclusion.

Markets regulator Securities & Exchange Board of India (Sebi) has slapped a fine of Rs 10 lakh on TAN Murti, the head of investor relations at erstwhile Satyam Computer Services Ltd (SCSL), for indulging in insider trading in the company’s shares.

IT player Tech Mahindra on Friday said it has completed the allocation of its shares to the shareholders of Satyam Computer Services, raising the issued capital of the company from 129 million shares to 232 million.

A US court has dismissed claims made in a class action lawsuit against seven former directors of Indian IT firm satyam computers saying the directors were themselves "victims of the fraud" and the shareholder suit fails to adequately prove allegations of fraud and negligence against them.

In a huge relief to scam-hit satyam computers' clan, the Telangana high court has directed the CBI to defreeze bank accounts and fixed deposits of B Appalanarasamma, mother of satyam computers founder-chairman B Ramalinga Raju, lying with Karur Vysya Bank and HDFC Bank in

Scam-hit IT player Mahindra Satyam, formerly known as Satyam Computer Services, has shown improved performance for the third quarter ended December 31, 2010, clocking a 153% jump in net profit to Rs 59 crore, as against a profit of Rs 23 crore during the quarter ended September 30, 2010.

B Ramalinga Raju, the founder of satyam computers and main accused in the Satyam scam, on Tuesday surprised everyone by suddenly appearing in the court that is hearing the case at Nampally in Hyderabad. He was accompanied by a doctor when he appeared in the court.

Two former employees of satyam computers on Tuesday told the trial court hearing the Satyam scam case that their company had raised as many as 7,561 fake invoices between 2003 and 2008.

The I-T department has directed Mahindra Satyam, formerly Satyam Computer, which was embroiled in the multi-crore rupee accounting scam, to get its accounts for audit of two assessment years 2002-03 and 2007-08.

A local court trying the case of multi-crore accounting fraud in erstwhile Satyam Computer Services Limited (SCSL) may announce a date for verdict on October 30.